Results 1 to 9 of 9
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07-31-2018, 11:52 PM #1
- Join Date
- Jul 2015
- Posts
- 1,202
Interest Free MCAs
Gotta love it!!
https://www.youtube.com/watch?v=TDNUMD7iBRU
Atlantis Capital’s other popular products:
Term loans
Line of Credit
SBLC/BG purchase/lease/Monetization
Asset based Lending
Atlantis Capital LLC located at 111 John St, Suite #540, NewYork, NY 10038 is a direct lender which can help you to solve your issues.
Visit Our Websites:
www.atlantiscapitalllc.com
www.anchoramericafunding.com
www.bizcashandcapital.com
www.merchantcashone.com
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08-01-2018, 07:46 AM #2
- Join Date
- Sep 2012
- Location
- New York, NY
- Posts
- 1,780
Interest free but high factor rates...
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08-01-2018, 10:06 AM #3
- Join Date
- Aug 2017
- Posts
- 249
I wonder if their term loans are principal only
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08-01-2018, 11:44 AM #4
- Join Date
- Nov 2016
- Posts
- 65
Since no MCA ever pays interest this seems like a deceptive sales practice. By definition the MCA is a purchase of receivables at a discount to face value. Therefore the "profit made" is certainly not interest--call it a capital gain or something else but it never was "interest"
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08-01-2018, 11:51 AM #5Karen37aGuest
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08-01-2018, 12:35 PM #6
- Join Date
- Jul 2015
- Posts
- 1,202
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08-01-2018, 01:37 PM #7
- Join Date
- Oct 2016
- Posts
- 4,318
Yeah, simply saying that its "interest free" is meant to deceive.
Funder: Get money from us. Its Interest Free!
Merchant: No interest at all?
Funder: No Interest At All!!
Merchant: I need $100,000.
Funder: We'll give you $100,000. Interest FREE!!!!
Merchant: So I just pay you back $100,000?
Funder: No, you pay us back $149,000!!!!
Merchant: $149,000 is paidback on the $100,000?
Funder: $149,000!!!
Merchant: $149,000?????!!!!
Funder: $149,000! Interest FREE!!!
Merchant: But you said its Interest Free? Why am I paying back 149%?
Funder: Because its a factor rate!!!
Merchant: Whats the benefit of being INTEREST FREE?!
Funder: You don't pay Interest!!!!
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08-01-2018, 01:40 PM #8
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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08-01-2018, 02:05 PM #9
- Join Date
- Jul 2015
- Posts
- 1,202
A "Direct Lender" no less. Pretty soon, it's not going to be cute anymore..
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